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What is thecretical probability?
Theoretical Probability is the measure of likelihood that an event will have a particular outcome.
Is probable a synonym for analytic?
No. Probable means that a particular outcome is likely. Probability means the analytic likelihood of a particular outcome. Analysis (analytic, i.e. the method) means, for example, the evaluation of the outcomes to determine how well the experimental probability aligns with the theoretical probability.
What is the meaning of the word likelihood?
In statistics, a likelihood function (often simply likelihood) is a function of a statistical model. The likelihood of a set parameter values, given outcomes x, is equal to the probability of those observed outcome.
What does probability mean statistically?
It is the likelihood of any particular event occurring.
What is a specific outcome or type of outcome?
A specific outcome is the result of a particular action or event. The outcome of an action would vary greatly depending on the specific action.
